Daily Archives: March 10, 2017

First ever registered prize bond launched as initiative to documentation of economy


ISLAMABAD: The government on Friday launched first ever registered prize bond with denomination of Rs40,000, which is attributed as a major initiative towards documentation of economy.

FBR, Pakistan Stock Exchange discuss tax proposals for 2017/2018


KARACHI: Federal Board of Revenue (FBR) and Pakistan Stock Exchange (PSX) have discussed tax proposals for budget 2017/2018 at a meeting held here on Friday.

SECP welcomes newly constituted PSX board of directors comprising Chinese investors


KARACHI: Securities and Exchange Commission of Pakistan (SECP) has welcomed the new board of directors of Pakistan Stock Exchange (PSX) constituted on Friday, which comprised of Chinese investors.

Remittances from UK fall by 10pc during July – February


KARACHI: The foreign remittances sent by overseas Pakistanis from the UK has declined by 10 percent to $1.44 billion during first eight months of current fiscal year as compared with $1.6 billion in the same period of the last fiscal year, according to statistics released by State Bank of Pakistan (SBP) issued on Friday.

PCDMA demands abolishing 3pc value addition tax on commercial importers


KARACHI: Pakistan Chemical and Dyes Merchants Association (PCDMA) has urged the Federal Board of Revenue (FBR) to withdraw three percent value added tax imposed on commercial importers.

SECP launches scrutiny of audit firms in defaulted brokers’ case


ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has launched scrutiny of audit firms, which conducted audit of defaulted brokers.